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President Trump issued a Proclamation that expands the 25% tariffs on steel and steel derivatives, first imposed in 2018 under Section 232 of the Trade Expansion Act of 1962. Aluminum and aluminum derivatives will also now...more
On October 31, 2021, at the Group of 20 (G20) Summit, the United States and European Union announced an interim agreement to relax the Trump-era worldwide Section 232 tariffs on European steel and aluminum articles and...more
Oil jumped for a second straight day, with futures near $70/barrel as fallout from the U.S.’s drone-strike assassination of Iran’s Qassem Soleimani continues to raise “the prospect of disruptions in the world’s most important...more
UK Prime Minister Boris Johnson Loses Majority In Parliament While Parliament Votes to Delay Brexit - On September 3, 2019, the Conservative party in the United Kingdom (“UK”) lost its majority in Parliament when Phillip...more
The year 2018 may be remembered as a turning point for US trade policy and the international trading system. The Trump administration took several unilateral trade actions, including the imposition of global "national...more